Figure 12-3 -Refer to Figure 12-3.This Figure Depicts Labor Demand and Supply

Multiple Choice

Figure 12-3

-Refer to Figure 12-3.This figure depicts labor demand and supply in a nonunionized labor market.The original equilibrium is at point A.If a labor union subsequently establishes a union shop and negotiates an hourly wage of $20,then there will be an excess

A) supply of 3,000 workers.
B) demand of 7,000 workers.
C) supply of 4,000 workers.
D) supply of 7,000 workers.